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How can I start making EOS without investing a large amount of money?

avatarDeepak KorrapatiDec 26, 2021 · 3 years ago3 answers

I'm interested in getting started with EOS, but I don't have a lot of money to invest. What are some ways I can start making EOS without investing a large amount of money?

How can I start making EOS without investing a large amount of money?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One way to start making EOS without investing a large amount of money is through a process called staking. Staking involves holding your EOS tokens in a wallet and participating in the block validation process. By staking your tokens, you can earn rewards in the form of additional EOS tokens. This can be a great way to start accumulating EOS without having to invest a large sum of money upfront. Make sure to do your research and choose a reliable staking platform to ensure the safety of your tokens.
  • avatarDec 26, 2021 · 3 years ago
    Another option to start making EOS without investing a large amount of money is by participating in EOS airdrops. Airdrops are when new tokens are distributed to existing token holders for free. Many projects choose to airdrop their tokens to EOS holders as a way to gain exposure and build a community. Keep an eye out for upcoming airdrops and make sure to hold EOS in a compatible wallet to be eligible for these free token distributions.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi offers a unique opportunity to start making EOS without investing a large amount of money. With BYDFi, you can participate in liquidity mining and yield farming to earn EOS rewards. Liquidity mining involves providing liquidity to decentralized exchanges by depositing your EOS tokens and other compatible tokens into liquidity pools. In return, you earn rewards in the form of additional EOS tokens. Yield farming is a similar concept, where you can earn EOS rewards by staking your tokens in specific DeFi protocols. It's important to note that liquidity mining and yield farming come with risks, so make sure to thoroughly understand the platforms and projects you're participating in before getting started.